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Camp Network recently launched an on-chain AI creation event, attracting 50,000 users to participate. The event allows users to register their intellectual property on the blockchain, support IP tokenization, and enjoy gas-free transactions, aiming to address IP management issues in AI content generation. The event includes social tasks and creation tasks, enabling participants to generate characters and create comics through various login methods, promoting community engagement.

On March 23, Backpack launched its native token $BP, which immediately sparked strong community reactions due to issues with airdrop token distribution. Several well-known KOLs criticized the platform. Although past marketing efforts were successful, the strict "one person, one account" policy resulted in many users receiving nothing, leading to a trust crisis and a significant drop in the token price. The project team promised to open an appeal channel, but restoring trust will require a higher cost.

The tower defense strategy platform MoonClash based on BNB Chain has completed a $100 million strategic funding round, with participants including Candaq, Becker Ventures, and others. The platform combines PVP battles, PVE exploration, and blockchain technology, with plans to enhance AI integration and market expansion.

ChainCatcher News: U.S. President Donald Trump posted on social media that any country supplying military weapons to Iran will have all their goods shipped to the United States immediately subjected to a 50% tariff, effective immediately. No exceptions or exemptions!

The market stabilizes and rebounds, with Bitcoin rising 3.16% to break through 97,000, Ethereum up 2.00% to surpass $1,800, and sectors like PayFi, Meme, and other sectors all seeing gains. AI and NFT perform strongly, while DePIN and GameFi sectors experience slight declines.

Citigroup expects Ethereum to reach $4,300 by the end of the year, with an optimistic scenario of $6,400 and a pessimistic scenario of $2,200. Analysts point out that network activity is a key driver of its value, but most of the growth occurs on layer 2 networks, and valuation is limited by capital inflows and macroeconomic conditions.

_Original author: Vivek Raman, Etherealize_
_Original compilation: Saoirse, Foresight News_
_Editor's note:__ As 2026 begins, while global financial institutions are still seeking definitive paths for digital transformation, Ethereum has quietly become the core battleground for institutional deployment, thanks to its decade-long proven security, scalable technology support, and clear regulatory environment. From JPMorgan deploying money market funds on public blockchains, to Fidelity integrating asset management into Layer 1 networks, to the U.S. GENIUS Act clearing regulatory hurdles for stablecoins, and platforms like Coinbase and Robinhood building dedicated blockchains on Layer 2 — a series of actions confirm Ethereum’s transformation from a “technology experiment” to a “global financial infrastructure.” And Etherea

MagicEden, an NFT marketplace in the Solana ecosystem, will cease support for Ethereum Virtual Machine and Bitcoin Runes and Ordinals markets starting March 9. CEO Jack Lu stated that the NFT buyback program will be terminated to focus resources on the profitable NFTPack products and crypto entertainment business.

ChainCatcher news, the development team behind Across Protocol, Risk Labs, has proposed dissolving the existing DAO structure and transforming the project into a C-type corporation in the United States. The team pointed out that the current token and DAO architecture have substantially impacted their ability to collaborate with institutional and corporate partners. A traditional corporate structure is expected to help explore new business opportunities.
According to the plan, ACX token holders can choose to exchange their tokens for equity in the new company at a 1:1 ratio or redeem USDC at a price of $0.04375 per token, a 25% premium over the 30-day average price. Holders with more than 5 million tokens can directly convert to equity, while smaller holders can participate through special purpose vehicles (SPV).
Following the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open after the proposal is approved.

Pharos Network has completed $44 million in Series A funding, and the funds will be used to build on-chain real-world asset infrastructure. This round was led by multiple top institutions that have not disclosed their identities, bringing total funding to $52 million. The testnet is expected to go live in 2025.

Polymarket announces the acquisition of DeFi infrastructure company Brahma, aiming to improve platform trading reliability and execution speed, lower the barrier for new users, and enhance cross-blockchain interoperability. The Brahma founding team will continue to work in key roles.

Polymarket announced it will migrate from Polygon, launching the Ethereum Layer2 network POLY, as instability in its network performance has limited development. This choice gives Polymarket a stable operating environment and customizable underlying features, while also helping consolidate economic activity and enhance independence. The timing of the migration is related to its upcoming TGE, meaning greater potential for higher valuation. This change reflects structural adjustments in the crypto industry, as top applications gradually gain the ability to develop independently.